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JPMorgan to price contingent buffered digital notes tied to Russell, S&P
By Wendy Van Sickle
Columbus, Ohio, Oct. 14 – JPMorgan Chase & Co. plans to price 0% contingent buffered digital notes due Oct. 24, 2019 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the final level of each index is greater than or equal to its initial index level or is less than the initial index level by up to 30%, the payout at maturity will be par plus the fixed return, which will be at least 21.5% and will be set at pricing. If the final level of either index is less than its initial index level by more than 30%, investors will be fully exposed to the lesser-performing index’s decline from its initial level.
J.P. Morgan Securities LLC is the agent.
The notes will price on Oct. 21 and settle on Oct. 26.
The Cusip number is 46646EY22.
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